Seems like gelatin industry is going through commodity upcycle rather than any structural changes essentially benefitting from falling raw material prices and supply issue from European manufacturer.
Nitta Gelatin primarily deals in 5 products (Goods & Services Tax (GST) | Services)
using export data (https://tradestat.commerce.gov.in/meidb/comq.asp?ie=e) we can find out price and Qty trends.
| Products (HSN Code) | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price |
|---|---|---|---|---|---|---|---|---|
| OSSEIN | Q1-2022 | 2648.51 | 1090 | 2.43 | April & May’23 |
1964.82 | 638 | 3.08 |
| 05061039 | Q2-2022 | 2930.74 | 1035.6 | 2.83 | ||||
| Q3-2022 | 3578.35 | 1181.02 | 3.03 | |||||
| Q4-2022 | 3544.09 | 1169.88 | 3.03 |
| Products (HSN Code) | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price |
|---|---|---|---|---|---|---|---|---|
| GELATIN EDIBLE | Q1-2022 | 10352.8 | 1602.23 | 6.46 | April & May’23 |
7808 | 976 | 8 |
| 35030020 | Q2-2022 | 10894.2 | 1547.77 | 7.04 | ||||
| Q3-2022 | 11482 | 1544 | 7.44 | |||||
| Q4-2022 | 12484 | 1604 | 7.78 |
| Products (HSN Code) | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price |
|---|---|---|---|---|---|---|---|---|
| PEPTONE | Q1-2022 | 1875 | 205 | 9.15 | April & May’23 |
907 | 79.3 | 11.44 |
| 35040010 | Q2-2022 | 1325 | 112 | 11.83 | ||||
| Q3-2022 | 1157 | 92 | 12.58 | |||||
| Q4-2022 | 1278 | 114 | 11.21 |
| Products (HSN Code) | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price | Period | Amount (in lakhs) |
Quantity (in Kgs) |
Price |
|---|---|---|---|---|---|---|---|---|
| Calcium Hydrogenortho | Q1-2022 | 4782 | 3529 | 1.35505809 | April & May’23 |
2950 | 2192 | 1.34580292 |
| 28352500 | Q2-2022 | 5145 | 3198 | 1.608818011 | ||||
| Q3-2022 | 4316 | 2609 | 1.654273668 | |||||
| Q4-2022 | 5273 | 2953 | 1.78564172 |
Looks like margins will be maintained but demand scenario is weak.
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